Business Standard

Monday, December 23, 2024 | 09:49 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 9 - Latest Updates on TDS

No TDS on interest paid as compensation

The Commission warned the builder not the deduct tax at source on the interest as it was awarded as a form of compensation

Image
Updated On : 25 Dec 2019 | 10:19 PM IST

Even those not audited must deduct TDS if total payment exceeds Rs 50 lakh

The liability to deduct tax gets triggered when the amount paid to a resident, or even the aggregate of such amounts, exceeds Rs 50 lakh

Image
Updated On : 28 Nov 2019 | 11:13 PM IST

Govt exempts cash payments above Rs 1 crore via APMC from 2% TDS

The government also gave 15 percentage points additional depreciation rate to commercial vehicles, taking it to 45 per cent

Image
Updated On : 17 Sep 2019 | 12:01 AM IST

Reader's corner: How to check status of refund from income tax department

You will not be able to claim a credit of such TDS until the tenant completes the formalities

Image
Updated On : 24 Jul 2019 | 9:51 PM IST

Govt to levy 2% TDS on cash withdrawal over Rs 1 cr from multiple accounts

The total TDS paid on cash withdrawal beyond Rs 1 crore will be adjusted against the total tax dues from the taxpayer.

Image
Updated On : 18 Jul 2019 | 9:19 PM IST

Budget 2019 proposals for TDS on life insurance confuse tax experts

But that there is no clarity on how the gains should be calculated on such life insurance policies

Image
Updated On : 11 Jul 2019 | 12:58 AM IST

Imposed TDS levy after 448 entities withdrew Rs 100 cr each in a year: Govt

Over 1.03 lakh entities made cash withdrawals in the range of Rs 1-2 crore in 2017-18, totalling more than Rs 1.43 lakh crore

Image
Updated On : 10 Jul 2019 | 6:44 PM IST

TDS on Rs 1-crore cash withdrawal aimed at cracking down on black money

The ministry said that the 2% tax, announced in last week's budget and to start in September, was prompted by information showing misuse

Image
Updated On : 07 Jul 2019 | 11:16 PM IST

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

Image
Updated On : 05 Jul 2019 | 8:59 PM IST

Senior citizens with income up to Rs 5 lakh can seek TDS relief on interest

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income

Image
Updated On : 24 May 2019 | 3:13 AM IST

NRIs should obtain TDS certificate in advance for lower deduction at source

It will lower the tax deducted at source and they won't have to wait a long time for refunds

Image
Updated On : 20 Jan 2019 | 12:04 AM IST

Buying property from non-resident Indians subject to TDS under I-T Act

I-T dept has decided to focus on property transactions involving NRIs; non-compliance would result in penalties

Image
Updated On : 02 Aug 2018 | 11:50 PM IST

Scanner on firms with low TDS collections

CBDT boss asks officers to scrutinise entities with 10% lower numbers

Image
Updated On : 19 Oct 2017 | 10:06 PM IST

Evasion of TDS by companies is set to become more difficult

TDS evaders likely to face stiffer provisions

Image
Updated On : 20 Dec 2016 | 9:59 AM IST

Salaried tax payers will now get SMS alerts on TDS deductions

Finance Minister Arun Jaitley on Monday launched the service. Central Board of Direct Taxes or CBDT will soon offer this facility on a monthly basis.

Image
Updated On : 25 Oct 2016 | 8:12 AM IST

Govt expects Rs 46,739-crore TDS from Delhi region in 2016-17

A top tax official noted that TDS collection has risen very fast over the last few years and it is one of the main sources of tax collection

Image
Updated On : 12 Jul 2016 | 3:04 PM IST

CBDT relaxes rules for TDS claims by non-resident companies

They can now claim benefits of tax treaty by just providing personal details such as name, address and tax residency certificate, even without providing PAN

Image
Updated On : 28 Jun 2016 | 4:41 PM IST

How to avoid TDS on your investments

Use Forms 15G or 15H, depending on age, to avoid tax deduction at source if you don't have taxable income

Image
Updated On : 14 May 2016 | 10:57 PM IST

I-T dept to pay interest on TDS refund

It will also not litigate with the deductor on this issue in the future

Image
Updated On : 27 Apr 2016 | 1:13 AM IST